Establishment of One Stop Investment Centre hailed

Captains of industry and commerce have hailed the establishment of a one stop investment centre as an element that will restore investor confidence in the country.

Â The setting up of the one stop investment centre has been described by captains of industry and commerce as a system that will createÂ favorable business conditions.Â A Principal Immigration Officer, Mrs. Promise Chaziya said the private sector should complement Governmentâ€™s effort in ensuring that the centre becomes a success.

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â€œ This is a stepÂ in the right direction and we believeÂ whatever shall be doneÂ will benefit the economy,â€ said Mrs. Chaziya.

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In terms of the arrangement, key Ministries and departments such as Home Affairs, Immigration, ZIMRA, Foreign Affairs, Mining, Indigenisation, Justice among others will operate under one roof on matters relating to investmentÂ approvals, a move that was applauded by the Zimbabwe Tourism Authority chief operating officer Mr. Givemore Chidzidzi as long over due.

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â€œWe have been waiting for that and now it is operational we hope this will bring sanity,â€ saidÂ Mr. Chidzidzi.

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But the major issue is on whether there is commitment among stakeholders in ensuring that they exercise their duties with urgency for the benefit of local and external investors .

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An Administration Manager with ZimTrade, Mrs. Francisca Manyoni said Government should monitor operations of the One Stop Investment Centre to ensure transparency.

While all the relevant authorities are working on facilitating the countryâ€™s competitive edge on business profitability, economic observers say the one stop shop can emerge as a workable system in reviving industrial output.